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Eaton Federal Savings Bank


Overview / Commentary
www.eatonfed.com
517-543-3880
236 South Cochran Avenue
Charlotte, MI 48813

Eaton Federal Savings Bank is headquartered in Charlotte and is the 34th largest bank in the state of Michigan. It is also the 1,922nd largest bank in the nation. It was established in 1936 and as of June of 2020, it had grown to 88 employees at 7 locations. Eaton Federal Savings Bank has an A+ health rating.

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Reviews (1)

Best Bank You can Imagine

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Eaton Federal Savings Bank is the best bank you can imagine. Their customer service is top notch. We live in a poorer community with a lot of elderly people. These people survey on social security and most don't have checking accounts. They get their monthly Social Security check directly deposited by the federal government into their Eaon Federal Savings Account. Many of these elderly people come into Eaton Federal Savings Bank the day their Social Security check is deposited in their savings account. They come with all of their monthly bills and bring them to the bank tellers. The bank tellers will then write money orders for each of these elderly persons' bills and mail them. It is an incredible service for these people that the bank does not charge for. My favorite service I use at the bank is free checking. There is no monthly fee and no minimum balance for this account. You also get an ATM card with this account. It is a great bank.

2


Health
A+

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #29846
Year Established1936
Employees88
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD4.33%
Annual Interest Income$6.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$398.3MM$369.1MM
LoansQ2 2020vs Q2 2019$228.2MM$221.6MM
DepositsQ2 2020vs Q2 2019$297.1MM$269.4MM
Equity CapitalQ2 2020vs Q2 2019$59.4MM$56.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$2.4MM$2.2MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.5MM$2.1MM
Real Estate OwnedQ2 2020vs Q2 2019$62.00K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Eaton Federal Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Eaton Federal Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$5-Statement Savings Account
0.20%$5-Christmas Club Account
0.20%$5-Kids Club Accounts

Eaton Federal Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$2.5k*-Money Market Deposit Account (MMDA)
OTHER TIERS: 0.10% → $50 - $2.5k

Eaton Federal Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$2.5k$10kConnect Rewards Checking
0.10%$1k-Connect Interest Checking

Eaton Federal Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$500-5 Year CD
1.21%$500-4 Year CD
1.05%$500-3 Year CD
0.90%$500-2 Year CD
0.75%$500-1 Year CD
0.50%$500-6 Month CD

Eaton Federal Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$500-5 Year IRA
1.21%$500-4 Year IRA
1.05%$500-3 Year IRA
0.90%$500-2 Year IRA
0.75%$500-1 Year IRA
0.50%$500-6 Month IRA
Locations


Eaton Federal Savings Bank Locations
103 S Main Branch103 South MainOlivet, MI 49076
109 S Main Branch109 South MainNashville, MI 49073
Eaton Federal Savings Bank236 South Cochran AvenueCharlotte, MI 48813
307 South Main Branch307 South MainEaton Rapids, MI 48827
Grand Ledge Branch500 South ClintonGrand Ledge, MI 48837
Sockbrige Br122 West Main StreetStockbridge, MI 49285
Gregory Branch223 North Main StreetGregory, MI 48137

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